Property Development

Land & Homes' preferred property development model is to develop quality, medium to high-density residential apartments for an expanding market in the strong sustainable growth region of South East Queensland. Focussing initially on the city of Brisbane, these residential projects will be developed in desirable, convenient locations of the inner Brisbane area sought after by both investors and owner occupiers.

The Brisbane property market continues to remain strong with stable underlying demand. The inner Brisbane area is well supported by two main factors: increasing demand from the changing demographics led by younger professionals seeking a more urban life style, and the attractive investment benefits of lower capital cost and higher yield compared to interstate. 

These factors have stimulated growing investor interest both from interstate and internationally. Brisbane City Council has responded with a substantial increase in approvals for apartment products and new town planning initiatives to increase density and civic improvements to local amenity enhancing the benefits of inner Brisbane city living.

The Company's first project, the Wharf Street development, represents the type of location that the Company intends to focus on for future projects in inner Brisbane, being within easy reach of all necessary amenities such as good schools, transport, recreation and retail. Settlement of the property purchase at 207 Wharf Street, Brisbane was completed on 24 Feb 2016. 
 
The Company’s preferred business model is not to compete in mature redeveloped areas, but rather in locations that are well suited to the progressive demographic shift to inner Brisbane and that will be attractive for both stable rental and long term home ownership. 
 
The model project would have a minimum scale of around 300 apartments and ideally have sufficient flexibility to adjust to the variables of market activity and trends in apartment product mix preference.
 
The Company is planning for the development of a number of projects of this scale and is conscious that it will need to build reputation and brand strength to gain market confidence. 
 
All projects are intended to have a high level of quality in apartment planning, building design and finish and incorporate energy management initiatives providing high environmentally sustainable development standards for both resident and body corporate benefit.
 
It is intended that resident amenities will include contemporary community facilities of gym, pool and social areas such as lounge, BBQ and guest entertainment facilities. It is also intended that a concierge will be available as building caretaker and resident management support.